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Korean design brand Beccos forays into India, aims 50 stores by mid 2019

Press Trust of India  |  New Delhi 

South Korean Beccos has forayed into the Indian market and is looking at having around 50 stores by mid-2019, said a top

Also, the company has plans to invest around Rs 100 crore.

The company is expecting a revenue of around Rs 200-250 crore in the next fiscal as the Hong Kong-headquartered firm is sensing a great potential from the Indian market.

Besides, the company is also looking to tap the potential of the and may consider to have its after a year.

"We see tremendous potential in the Indian market and will be expanding our to 50 stores by mid 2019, across key locations at an investment of over Rs 100 crore," told

He added: "We expect a revenue of Rs 200-250 crore by FY2019-20."

The company would have stores on company-owned-company-operated and franchise patterns.

"We would have a mix of both franchise and company operated stores," he said.

Beccos would have a merchandise line-up consisting of daily-need household items, mobile accessories, cosmetics, fashion accessories, luggage, home dcor, stationary and

Beccos on Thursday opened its first store in the city at Kamala Nagar and has plans to open two more stores by next week.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 25 2018. 22:35 IST